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FX.co ★ GBP/USD approaching support, potential bounce!

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Forex Analysis:::2019-05-14T02:08:09

GBP/USD approaching support, potential bounce!

GBP/USD approaching support, potential bounce!

Price is approaching support where we are expecting a bounce above this level.

Entry : 1.2930

Why it's good : 78.6% Fibonacci retracement, 61.8% Fibonacci extension

Stop Loss : 1.2861

Why it's good : horizontal swing low support

Take Profit : 1.3053

Why it's good : horizontal overlap resistance, 50% Fibonacci retracement

GBP/USD approaching support, potential bounce!

Analyst InstaForex
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